• GBP/NZD eased on Thursday as British election polls underway with the Labour Party looking set to win.
• Opinion polls showed the Labour Party winning, replacing the Conservatives after 14 years. Investors believe the market has already priced in the change.
• The market's complete response will be seen on Friday, as voting concludes at 10 p.m. BST (2100 GMT), when an exit poll will provide the first glimpse of the results.
• GBP/NZD focus is on 50%fib support, a break below will accelerate losses towards 2.0800 level.
• Immediate resistance is located at 2.0901(38.2% fib), any close above will push the pair towards 2.0970(23.6% fib).
• Strong support is seen at 2.085850%fib) and break below could take the pair towards 2.0795(61.8%fib).
Recommendation: Good to sell on around 2.0870 , with stop loss of 2.0950 and target price of 2.0800
